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1881 Washington Ave 5H, Miami Beach, FL 33139
Offering:
For Sale
Location:
Miami Beach, FL 33139
Subdivision:
OCTAGON TOWERS I CONDO
Status:
Active
$879,500
Deemed reliable but not guaranteed.
Details
Year built:
1966
Garage:
1
Parking:
1 covered
Style:
High Rise
Condition:
Updated Remodeled
Days on market:
85
Association fee:
$1,600 / Monthly
Annual tax (2025):
$7,858
Type:
Condo
MLS ID
A11944737
Virtual tour:
Listed by:
Luxe Properties (LMPR01)
Listing office phone:
305-809-7650
Listing office email:
Listing agent:
Michelle Beatty (3347395)
Features
Schools
Middle / junior:
Nautilus
High:
Miami Beach
School assignments come from the MLS feed and can change. Verify with the district before relying on them.
Association
Amenities:
Fitness Center, Other, Pool, Sauna, Trash, Elevators
Fee includes:
Common Areas, Maintenance Grounds, Pools
Pets
Allowed:
yes
Restrictions:
Conditional
Restrictions Or Possible Restrictions
Description
Great second home located in front of the Miami Beach Convention Center, just two blocks to “Billionaires Beach” which sits at the heart of South Beach and walking distance to Lincoln Road which is undergoing a beautification project (see articles and links below).
The unit is licensed for short term rental. Proforma gross revenue is estimated at $122K to $144K per annum (provided by two professional management firms) which translates to a 10% cap rate. Perfect for those looking to get away and clear their heads and experience a change in venue while maximizing their income.
The unit features hurricane glass windows, gourmet kitchen, large master bedroom with a walking closet, modern spa style bathrooms, and may be purchased furnished.
The Building’s leadership is proactive and well managed. As such planned and budgeted its future projects and took the initiative to obtain a loan and have fully funded reserves. In addition, the building has set up the budget for the SIRS requirement and funding.
Ongoing building projects near completion elevator replacement and fire system. Most notable completed projects pool upgrade, electronic tele-entry access, cameras, structural review and repairs. Some future projects include hallway flooring and lobby upgrade.
Price history
$879,000 → $879,500
·
Increased by
$500 (0.1%) · 2 price changes
Location
1881 Washington Ave 5HMiami Beach, FL 33139
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MLS information
Last updated Apr 13, 2026
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
